Animal Hospital of Putnam | NNN | STNL 1 Kennedy Dr 3,365 SF Retail Building Putnam, CT 06260 $1,235,922 CAD ($367.29 CAD/SF) 8.25% Cap Rate

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Animal Hospital of Putnam investment property located in Putnam, Connecticut. The Tenant, Community Veterinary Partners, has over 3 years remaining in their initial term with 3 5-year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Today, Community Veterinary Partners has a collective of over 3,000 unique veterinary care providers dedicated to bringing joy to families through their unwavering care for beloved pets. The mission of this collective is to spread happiness among families by offering the highest quality care to their cherished pets.
Animal Hospital of Putnam is strategically located on Kennedy Drive. The site benefits from superior visibility via significant street frontage and a monument sign situated along Kennedy Drive. It shares this busy Putnam area with businesses like Walgreens, Dunkin’, and Frito-Lay Inc. The location benefits from the frequent street traffic of Kennedy Drive, which sees 11,628 vehicles daily. The 5-mile trade area is supported by a population of 21,986 and 12,251 daytime employees with an average household income of $105,608.